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via livemint.comPolitics

IDBI Bank staff to hold hunger strike on November 2-3 against privatisation and Fairfax sale

FROM THE WIRE · LIVEMINT.COM

The UFIOE has called on the government to abandon the proposed disinvestment and acquire at least a 6% stake in IDBI Bank, either by purchasing shares from LIC or through the open market.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe proposed state disinvestment of IDBI Bank is a policy matter that could affect the stock and Indian banking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The UFIOE union calls on the government to abandon the proposed disinvestment.
  2. 02The union asks the government to acquire at least a 6% stake in IDBI Bank.
  3. 03The stake could be bought from LIC or through the open market.

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